ΣL Uranium Composite - 19th June 2024 | @ 154 Days | + 13.73%
Last trade: + 13.73% | 'C' class signal detected in in Sigma-L Uranium Composite (NXE/DNN/UEC/CCJ/UUUU). Average of 154 days over 10 iterations since December 2019. Currently moving down
ΣL Cycle Summary
This longer periodic component in Uranium, related to the more stationary and shorter measure around 75 days, moved up during March, April and May this year prior to peaking in early/mid June. The shorter wave (75 days) failing to provide additional power to the upside as we anticipated, resulting in a sharp downturn recently that is now well on it’s way to the next trough, due early August at the current wavelength. Within our composite, Cameco (CCJ) outperformed to a large degree to the upside whilst Energy Fuels (UEC) was largely flat on the other extreme. The composite overall displays a sideways structure, suggesting more downside into August with indication that a larger cycle peak has occurred recently. For subscribers, an update to the shorter wave (@ 75 days) is scheduled for the 26th of June, next Wednesday.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Early Buy - ΣL Uranium Composite 26th February 2024
Entry: 26th February 2024
Exit: 18th June 2024
For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.
Constituent Gain:
CCJ (32.89%)
DNN (22.99%)
NXE (7.76%)
UUUU (4.69%)
UEC (0.32%)
Composite Average Gain:
13.73%
Time Frequency Analysis
Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show high-passed price with the extracted signal overlaid for visual clarity.
Before and After
Signal comparison between our last report and the current time, in chart format.
Current Signal Detail & Targets
Here we give more detail on the signal relative to speculative price, given the detected attributes of the component. In most cases the time target to hold a trade for is more important, given we focus on cycles in financial markets. Forthcoming trough and peak ranges are based upon the frequency modulation in the sample (learn more).
Detected Signal Class: C - learn more
Average Wavelength: 154.37 Days
Completed Iterations: 10Phase: Hard Down
FM: +- 14 Days
Next Trough Range: 28th July - 24th August, 2024
Next Peak Range: 13th October -10th November, 2024
Sigma-L Recommendation: Late Sell
Time Target: ~ 10th August, 2024
Current Signal Phase
This is ‘how far along’ the cycle is in it’s period at now time and is related to the predicted price action direction.
Current Signal Frequency Modulation (FM)
This is how much, on average, the signal detected varies in frequency (or wavelength) over the whole sample. A lower variance is better and implies better profitability for the component. Frequency usually modulates relatively slowly and over several iterations.
Current Signal Amplitude Modulation (AM)
This is how much the component gains or loses power (price influence) across the sample, on average. Amplitude modulation can happen quite quickly and certainly is more evident than frequency modulation in financial markets. The more stable the modulation the better.